Date: 02/08/2000 3:04 PM
Subject: release no. 34-42343, file no. sr-nyse-99-47
Dear SEC:
My family and I are very concerned re: the potential change in margin
requirements. I have spent the past 1 1/2 years "full time" learning the
daytrading & swingtrading business. As you may not be aware, it is
extremely difficult business to learn and is not an overnight rags to
riches situation.
There are many big $$ players who trade the big tech stocks all day
long....this will not change as they have huge accounts.
The small daytrader like myself can make a few $$ each day with well
planned trading and executing. The failed daytrader(s) we read about on
the news have not taken the time to learn, understand and practice our
trade effectively.
I live in a rural area and thanks to the internet I am able to learn and
practice what i really love doing.
Please don't pass a rule(s) which will put me out of business. I am
building up my small trading account very conservatively, little by
little, day by day. I would like to continue for the next several years
into my retirement.....
I have very realistic future "financial" goals for my family....I have
worked for years in the construction trade and finally I have found a
great business i enjoy, can operate at my home and has the potential of
a good living for my family.
PLEASE DON'T PUT ME OUT OF BUSINESS....
thank you,
Marty Smith
ps feel free to email me if you like....